Common use of Breach Liability Clause in Contracts

Breach Liability. 9.1 Under the lease term, if Party B fails to pay the rent for more than three months and fails to make the payment within 15 days of the day on which Party A notifies Party B to pay the rent, Party A has the right to rescind this Agreement. 9.2 If Party B desires to terminate this Agreement before the expiry date, a prior two months written notice of Party B and the written consent of Party A are required. 9.3 If Party B can not use the Leased Equipment as usual as a result of the actions of Party A, Party B is entitled to refuse to pay the rent and to rescind this Agreement prior to the expiry. Party A shall assume responsibility for such breach and compensate the loss of Party B incurred herefrom.